Abstract
This chapter consists of two parts. In the first part, we present the main results of optimal control that we need in this book. In the second part, we provide some historical background for the economics of exhaustible resources and use the tools developed in the first part to obtain the solutions of some problems in this important field of economics.
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© 1994 Springer-Verlag Berlin Heidelberg
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Hung, N.M., Quyen, N.V. (1994). Resource Economics Modelling and the Technique of Optimal Control. In: Dynamic Timing Decisions Under Uncertainty. Lecture Notes in Economics and Mathematical Systems, vol 406. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-51508-8_2
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DOI: https://doi.org/10.1007/978-3-642-51508-8_2
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-57649-5
Online ISBN: 978-3-642-51508-8
eBook Packages: Springer Book Archive